Business
FamiCord AG continues growth course in 2024 after strong year-end business and stabilizes business development in home market Germany
FamiCord AG continues growth course in 2024 after strong year-end business and stabilizes business development in home market
About this update from Famicord Ag
[{"type":"text","content":"\n\n\nEQS-News: FamiCord AG\n\n\n / Key word(s): Annual Results/Annual Report\n\n\n\n\n\nFamiCord AG continues growth course in 2024 after strong year-end business and stabilizes business development in home market Germany \n\n\n\n\n\n\n30.04.2025 / 14:09 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.FamiCord AG continues growth course in 2024 after strong year-end business and stabilizes business development in home market GermanyRevenues increased by 6.6 percent to EUR 82.2 million in 2024 EBITDA grows to EUR 8.8 million despite increased investments in marketing and salesEBITDA margin in double digits at 10.7 percent Leipzig, 30 April 2025 – FamiCord AG, the leading cell bank in Europe and the third largest worldwide, successfully continued its growth trajectory in the 2024 financial year. Against the backdrop of the marketing and sales offensive initiated in the second half of the year, operational development in the core markets was further strengthened and, in particular, the decline in revenues in the challenging German home market was halted.\n\nIn 2024 as a whole, revenues increased by 6.6 percent year-on-year to EUR 82.2 million (2023: EUR 77.1 million). The net amount of invoiced services in the end customer business (B2C) increased by 11.7 percent to EUR 73.9 million (2023: EUR 66.2 million), while the share of annually recurring payments rose by 6.3 percent to EUR 21.7 million (2023: EUR 20.5 million). “We noticeably gained momentum in year-end business again and recorded revenue growth of 7.6 percent in the fourth quarter alone. This shows that we are on the right track with our marketing and sales offensive,” emphasizes Jakub Baran, CEO of FamiCord AG. “In the important home market of Germany, we have managed to stabilize our revenue development. Against the backdrop of declining birthrates, this means we continue to successfully expand our market penetration. Overall, this is a good sign, but it is certainly too early to speak of a sustainable trend.”\n\nThe second important core market, Poland, also proved robust in the course of business and was even able to increase sales. The GCC region once again performed very strongly and the Romanian and Turkish markets also showed a high level of dynamic demand. In contrast, some southern European markets such as Italy fell short o...